The working delegation of the Provincial People's Committee inspected and urged the progress of the Hoa Binh - Moc Chau expressway project (section passing through the province).
Determination to activate public investment
Right from the beginning of the term, Hoa Binh province has approached the disbursement of FDI capital not simply as a financial solution, but as a strategic coordination tool that both creates internal momentum and guides other investment flows. This approach is completely consistent with the viewpoint of the Party and the State: FDI is a growth lever, a way to guide and mobilize private capital and FDI, and a key driving force for socio -economic development.
In particular, when issuing Resolution No. 124/NQ-CP dated September 3, 2020, the Government identified the activation of FDI as an urgent measure to maintain stable growth and create momentum for recovery. For a land with rich development potential like Hoa Binh, effective activation of FDI will create an important breakthrough for the locality in the process of economic restructuring and growth model transformation. Therefore, the 2020 - 2025 term witnessed the more synchronous and drastic participation of the entire political system than ever before to activate FDI, continuing the journey that began many years ago.
In theory, to effectively activate FDI, it is necessary to identify investment focus, prepare projects well, disburse quickly and effectively, and closely monitor capital use. However, in reality, these conditions have become a big challenge for Hoa Binh - a mountainous province with many difficulties. In addition to internal barriers related to local implementation capacity, the implementation of FDI projects still has many obstacles when investment demand is large, especially in particularly difficult areas; high investment rates, many arising issues during infrastructure construction, so many projects have increased capital; cumbersome investment procedures prolong project preparation time; site clearance has many complicated bottlenecks that slow down disbursement progress; investment institutions and mechanisms also have obstacles that need to be resolved...
With the total allocated capital, the province has invested in 257 projects (including projects transferred from the 2016 - 2020 period), of which 121 projects were newly started in the period. For the 3 national target programs alone, the total allocated capital is 2,638,422 million VND. In particular, the province has focused resources on 2 key projects: the Hoa Binh - Moc Chau expressway (section through the province) and the Hoa Binh - Hanoi regional connecting road and the Son La expressway (Hoa Binh - Moc Chau). These are 2 projects of special importance, demonstrating the political determination and courage of Hoa Binh in the new development period: ready with the will and sufficient courage to implement investment projects of national scale, with regional connectivity and great influence, helping to expand the development space for Hoa Binh and neighboring areas.
According to comrade Quach Tat Liem, Vice Chairman of the Provincial People's Committee: The medium-term public investment plan for the period of 2021 - 2025 is of special importance to the socio-economic development of the province, not only in this period but also creating momentum for the following years. With unified awareness and action, the political system of the whole province has activated synchronous public investment at all levels, sectors and fields. The Provincial People's Committee resolutely directed and operated, submitted to the Provincial People's Council for timely promulgation of contents related to the public investment sector. The Provincial People's Committee also focused on directing all levels, sectors and investors; established a working group to promote disbursement of public investment capital and closely monitored the progress of each project. Focused on directing the removal of difficulties for projects behind schedule, thoroughly grasping the spirit of promoting public investment disbursement as an urgent and top priority task.
A unified political system: turning determination into action
In fact, from 2021 to present, the Provincial Party Committee, People's Council, and People's Committee have always closely led and directed the removal of difficulties for public investment projects, identifying promoting the disbursement of public investment capital as a key annual political task, a criterion for assessing the level of task completion of Party committees and authorities at all levels. In many meetings, provincial leaders emphasized the importance of public investment capital, requiring effective, transparent, and synchronous implementation, with the strong leadership of the Party and the strong participation of the political system at all levels.
Turning political determination into concrete actions, the Provincial Party Committee Standing Committee has issued conclusions and resolutions on urban management associated with synchronous infrastructure development. The Provincial Party Committee Secretary directly serves as the Head of the Steering Committee for key projects of the province. Members of the Provincial Party Committee Standing Committee are assigned to be in charge of localities and monitor the progress of major projects.
Along with the comprehensive direction of the Provincial Party Committee, the inspection and supervision work of the Party has been strengthened. The inspection delegations of the Provincial Party Committee and the supervision delegations of the Provincial People's Council have strengthened the inspection and supervision of the use of public investment capital in districts, departments and branches. At the district level, the City Party Committees, District Party Committees and People's Committees of districts and cities have taken part with a high sense of responsibility. In particular, the Standing Committees of the City Party Committee and District Party Committees directly lead, direct and are responsible for public investment work in their respective areas. The whole province has made efforts to synchronously deploy groups of solutions to effectively use medium-term public investment capital, contributing to realizing the great expectations planned for the 2020-2025 term.
End of term challenges
Large resources, high expectations, and the decisive participation of the political system from the province to the grassroots level. These are the outstanding outlines when looking back at the results of the implementation of the 2021-2025 medium-term socio-economic development plan.
Despite high political determination, the province's investment results have not met expectations. Because the implementation process has encountered many challenges that have slowed down the project's progress, reducing the disbursement rate. According to the assessment of the disbursement of capital sources assigned from 2021 - 2024, by the end of 2024, some capital sources had a disbursement rate of less than 70%, such as: Central budget capital by sector and field reached 46%; foreign capital (ODA) reached 58%... The provincial budget capital also only disbursed about 80% of the plan, of which capital for basic construction investment focused on 73%; capital investment from land use revenue 71%. Particularly for the capital assigned in 2025, the disbursement rate by the end of May was also much lower than the capital plan.
Speaking at the thematic supervision session of the Provincial People's Council on the results of the implementation of the DTC plan for the period of 2021 - 2025, comrade Nguyen Thi Cam Phuong, Standing Vice Chairwoman of the Provincial People's Council, acknowledged: Although the whole province has taken systematic steps in the right direction with high political determination, the implementation process has encountered many challenges, creating bottlenecks that limit the effectiveness of DTC. With the determination not to let capital congestion delay the development, in the remaining months of 2025, the task is very heavy when we have to strive to increase the disbursement rate and prepare a favorable legal corridor to transfer tasks to the new period.
(To be continued)
Thu Trang
Source: https://baohoabinh.com.vn/12/202051/Noi-tiep-hanh-trinh-tao-dot-pha-tu-dau-tu-congBai-2-Ca-he-thong-chinh-tri-vao-cuoc-giai-ngan-dau-tu-cong.htm
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